Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A seller sold an article at a loss of 10%. If the selling price had been increased by Rs. 200, there would have been gain of 6%. The selling price of article at 20% profit is?

Options:

1250

1500

1650

1700

Correct Answer:

1500

Explanation:

Difference between a loss of 10% to a profit of 6% = 16%

⇒ 16% of C.P. = 200 (given)

⇒ C.P. = 1250

So, S.P. of the article to gain 20% = 1250 × \(\frac{120}{100}\) = Rs.1500